Australia's Gold Road rises on strong production outlook

Gold Road Resources

02/04/2024 04:13

** Shares of Gold Road Resources  GOR.AX  rise as much as
7.3% to A$1.695, highest since Jan. 25
    ** Mineral explorer says mining and production at Gruyere
Gold Mine expected to have stronger performance in the second
half of the year
    ** Gruyere mine is a joint venture, equally owned by Gold
Road and Gruyere Mining Company, a member of Gold Fields, which
manages the mine
    ** Gold Road says despite rainfall, 2024 annual forecast for
Gruyere is expected to be in upper half of attributable AISC
(all-in sustaining costs) of between A$1,900 and A$2,050 per
ounce
    ** Stock posts its biggest intraday pct gain since March 4
    ** Stock down about 20% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))